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Give examples of price discrimination. In each case explain why the monopolist chooses to follow this business strategy.
The Taxpayer Assistance Center (TAC) provides taxpayer assistance to help in the preparation of individual tax returns. The amount of assistance (A) that can be provided is a function of the number of professional accountants (P) and trained tax prep..
The estimate of the natural rate of unemployment shows an increasing trend during the 1970s and the early 1980s, and a declining trend in the 1990s. One of the explanations of this change in the natural rate of unemployment is based on the demographi..
A new six-speed automatic transmission for automobiles offers an estimated 3?% improvement in fuel economy compared to traditional four speed transmissions in front-wheel drive cars. If a four-speed transmission car averages 26 miles per gallon and g..
Calculate market demand and market supply. How this affects golden rule of capital per worker and golden rule of savings rate in so low model and explain your results.
What happens to hours of work when non-labor income decreases? Does such a non-labor income change generate a substitution effect? Why might we expect welfare programs create work disincentives? What happens to the probability that a particular perso..
In a brief essay, explain the relationship between Asian stereotypes. How do they affect U.S. racial stratification? How are they used in practice? How do they impact other racial minority groups?
Please explain how each (budget deficit and foreign reserves) of the above noted economic issues affects long term interest rates and the inflation rate.
You are the international manager of a US business that has just invented a revolutionary computer chip that can perform the functions of all known chips plus much, much more, but costs only half as much to manufacture. What are the economic and poli..
A. Solve for P, and give the y-intercept & slope [change in P/change in Q] of the line. B. If price is 100 (ignore units here), how much is bought & how much is spent?
There are many brands of laundry detergent, all equally effective. Would you expect the elasticity of demand for any particular brand to be high or low? Explain.
Under the factors that government spending is cut, and taxes increase. how would you argue it positively.
Provide an example of a country with good hazardous waste management techniques and one with poor techniques.
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